Frequently asked questions

The Bonds are credited to your Demat account (chosen at the time of order placement) on the Settlement date by end of day.

You can track your order status here.

Note:

• Please check your Demat Holding Statement or DP Transaction Statement (from date of transaction till date) to see the bond credit.
• Some stockbrokers (especially equity-focused ones) may not display debt securities in their portfolio view. Please always check your official Demat statement for accurate holdings.

The bond might reflect as an acronym with coupon rate, issuer name and the maturity.

Example: A 9% coupon rate of KOSAMATTAM FINANCE LIMITED maturing in 2029 might reflect as “9KFL2029” in your portfolio.

If the securities are still not visible after the settlement date, please write back with your ISIN and order details. We will assist you further.

Interest earned on bonds is subject to a flat 10% TDS (Tax Deducted at Source) for Resident Indian, deducted by the Issuer before payment as per Section 193 of the Income Tax Act. The remaining amount is credited to your demat-linked bank account by the Issuer on the interest payment date.

The interest earned is taxable as per your tax slab.

The Issuer will file the TDS return and this will reflect in your Form 26AS within 45-60 days after the quarter ends.

For Non-Resident Individuals, TDS is generally deducted at 30%, plus applicable surcharge and cess. It is strongly recommended to consult with a tax advisor for guidance on how to proceed with tax filing.

You can check the TDS deducted on your bond interest through your Form 26AS on the Income Tax Department’s website. You will be redirected to TRACES website where you can view your Form 26AS. In Form 26AS, there is a “Tax Deducted at Source” section which will have all relevant details on TDS deducted and deposited.

Form 121 is a self-declaration done for non-deduction of TDS. Please note that filing Form 121 does not ensure that TDS will not be deducted.

TDS is not deducted only if:

• Form 121 eligibility criteria is met and the tax liability is 0/NIL for the financial year
• Form 121 was shared before the Record Date
• Form 121 is reviewed and accepted by the Issuer Company

In case your TDS is deducted despite of the above, please drop us an email and we will be happy to coordinate with the Issuer on your behalf.

TDS deducted on interest income appears in your Form 26AS only after the Issuer Company files the quarterly TDS return. These returns are filed by the Issuer Company within 1 month from the end of the relevant quarter. After filing, it sometimes may take additional time for the Income Tax Department to update the details in Form 26AS.

IndiaBonds can help you auto-generate Form 121. Login to your account and go to My Orders. Click on Generate Form 121 against the Order for which you want to file the Form 121. Fill in the required details. The system will generate the pre filled form for you. Kindly sign and download the form.

Please share this form with the Issuer on the email along with your basic details such as PAN and ISIN to successfully submit the form.

Important Note: The form must be generated separately for each issuer company and filled for each FY. Some issuers have an online portal where the form needs to be uploaded.

All issuer email and form details can be found here.

Form 121 is a self-declaration done for non-deduction of TDS. Please note that filing Form 121 does not ensure that TDS will not be deducted.

TDS is not deducted only if:

• Form 121 eligibility criteria is met and the form is duly filled and submitted
• Form 121 was shared before the Record Date
• Form 121 is reviewed and accepted by the Issuer Company

Please ensure your tax liability is NIL for the financial year to become eligible for Form 121. In case your TDS is deducted despite of the above, please drop us an email and we will be happy to coordinate with the Issuer on your behalf.

All resident individuals and HUFs can file Form 121 as a self-declaration to save TDS on interest income.

Your tax liability must be NIL for the financial year to file Form 121.

Form 121 is valid only for one financial year (April – March) and you have to submit it again in the next financial year if you remain eligible. Form 121 needs to be submitted to respective Issuers.

In case the amount has been debited from your bank account and the transaction has failed, the bank usually auto reverses the amount within 48 hours.

If the amount is not reversed due to any exceptions, please share the UTR number, transaction date, and Order ID with us at customercare@indiabonds.com.

Please note that the refund process may take 5-7 working days.

Your referral voucher will be issued on the 10th of the subsequent month (of the referee investing) on your registered email ID. You can view and manage your referrals from your IndiaBonds account. Login and go to My Profile and click on Refer & Earn. Your total earnings, referral status, and reward summary will be visible here.

If you have not received your voucher or are unable to redeem it, please write to us on customercare@indiabonds.com with your voucher number along with a brief description of the issue. Our team will assist you.

Referrer must share their unique link and the referee must sign up only using that link and must be a new user on IndiaBonds.

Rewards are:

• Calculated on settled trades.
• Rounded off to the nearest ₹100.
• Only the first investment by the referee will be considered for rewards.
• The referee must invest within 60 days of signup using the referral link.
• Duplicate, incomplete, or invalid referrals are not eligible.

You earn 1% of the referee’s settled order amount, subject to a maximum of ₹5,000 per referral.

The reward is given in the form of an Amazon voucher and will be shared on your registered email by the 10th of the subsequent month.

• The voucher is valid for 12 months (1 year) from the date of activation.
• Once added to your Amazon account, the balance can be used for eligible purchases on Amazon.in.
• You may use the balance in one or multiple transactions until it is exhausted.
• The voucher cannot be transferred to another Amazon account, exchanged for cash, or reloaded.

1. Log in to your Amazon account.
2. Go to Your Account.
3. Select Gift Cards (under the Rewards / Gift Card section).
4. Enter your unique voucher number and click “Add Gift Card to Balance”.

The amount will be added to your Amazon balance and can be used for purchases on Amazon.in.

You can refer as many individuals as you like; there is no limit currently.

You can easily track the status of your referrals from your IndiaBonds Dashboard. Go to My Profile and click on Refer & Earn. Your total referrals, referral status, rewards earned and redeemed will be visible here.